American Middle Class Being Exterminated
Posted on July 16, 2010
Filed Under Critical Issues | Leave a Comment
Globalization promised to raise everyone up increase the number of consumers worldwide and create global competition. Instead it became a race to the bottom where countries using slave labor benefited at the expense of living wages.
The rich are getting richer and the poor are getting poorer at a staggering rate. Once upon a time, the United States had the largest and most prosperous middle class in the history of the world, but now that is changing at a blinding pace.
So why are we witnessing such fundamental changes? Well, the globalism and “free trade” that our politicians and business leaders insisted would be so good for us have had some rather nasty side effects. It turns out that they didn’t tell us that the “global economy” would mean that middle class American workers would eventually have to directly compete for jobs with people on the other side of the world where there is no minimum wage and very few regulations. The big global corporations have greatly benefited by exploiting third world labor pools over the last several decades, but middle class American workers have increasingly found things to be very tough.
The reality is that no matter how smart, how strong, how educated or how hard working American workers are, they just cannot compete with people who are desperate to put in 10 to 12 hour days at less than a dollar an hour on the other side of the world. After all, what corporation in their right mind is going to pay an American worker ten times more (plus benefits) to do the same job? The world is fundamentally changing. Wealth and power are rapidly becoming concentrated at the top and the big global corporations are making massive amounts of money. Meanwhile, the American middle class is being systematically wiped out of existence as U.S. workers are slowly being merged into the new “global” labor pool.
Read Full Article Here: 22 Statistics That Prove The Middle Class Is Being Systematically Wiped Out Of Existence In America.
In an ideal world our government would pull the United States out of these crippling free trade agreements and rebuild the American manufacturing base before we are reduced to third world status. Unfortunately that will never happen while corporations are running the country and putting profits ahead of what’s best for America.
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